08.12.2010 - Despite the volatile market, Islamic equity funds still remain a favorite asset class
From Islamicfinanceasia.com: When the financial crisis hit the global markets, Islamic mutual funds were touted to be a much safer investment than their conventional peers due to Shariah screening which removes financial institutions and companies that are highly leveraged. However, post-crisis, global conventional funds which saw a US$7 trillion dip in assets under management (AuM) from US$26.1 trillion in 2007 began to recover, reaching US$22 trillion at the end of 2009. The Islamic funds industry, although regarded as shielded, inched up only slightly from US$51.4 billion in 2008 to US$52.2 billion in 2009. In the first quarter of 2010, it managed to accumulate an additional US$100 million to US$52.3 billion..............................................Full Article: Source
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